040212 VO Decisions under Uncertainty (MA) (2023W)

4.00 ECTS (2.00 SWS), SPL 4 - Wirtschaftswissenschaften

ON-SITE

Moodle

Registration/Deregistration

Note: The time of your registration within the registration period has no effect on the allocation of places (no first come, first served).

Details

Language: English

Examination dates

Monday 29.01.2024 11:30 - 14:45 Hörsaal 1 Oskar-Morgenstern-Platz 1 Erdgeschoß Monday 26.02.2024 15:00 - 18:15 Hörsaal 1 Oskar-Morgenstern-Platz 1 Erdgeschoß N Friday 17.05.2024 15:00 - 18:15 Hörsaal 1 Oskar-Morgenstern-Platz 1 Erdgeschoß Monday 23.09.2024 15:00 - 18:15 Hörsaal 1 Oskar-Morgenstern-Platz 1 Erdgeschoß

Lecturers

Andrea Gaunersdorfer

Classes (iCal) - next class is marked with N

Registration is not necessary, but recommended in order to get access to the e-learning platform Moodle for this course where material for the lecture may be provided.

Note that extra registration for the desired examination date via u:space is necessary.

The lecture is accompanied by the UK Repetition course on Banking and Finance (course number 040198). This course gives an introduction to the mathematics needed. Afterwards problems on the topics of the lectures are discussed.

https://ufind.univie.ac.at/en/course.html?lv=040198&semester=2023W

    
    Thursday
    05.10.
    15:00 - 16:30
    Hörsaal 6  Oskar-Morgenstern-Platz 1  1.Stock
    
    Thursday
    12.10.
    15:00 - 16:30
    Hörsaal 6  Oskar-Morgenstern-Platz 1  1.Stock
    
    Thursday
    19.10.
    15:00 - 16:30
    Hörsaal 6  Oskar-Morgenstern-Platz 1  1.Stock
    
    Thursday
    09.11.
    15:00 - 16:30
    Hörsaal 6  Oskar-Morgenstern-Platz 1  1.Stock
    
    Thursday
    16.11.
    15:00 - 16:30
    Hörsaal 15  Oskar-Morgenstern-Platz 1  2.Stock
    
    Thursday
    23.11.
    15:00 - 16:30
    Hörsaal 6  Oskar-Morgenstern-Platz 1  1.Stock
    
    Thursday
    30.11.
    15:00 - 16:30
    Hörsaal 6  Oskar-Morgenstern-Platz 1  1.Stock
    
    Thursday
    07.12.
    15:00 - 16:30
    Hörsaal 6  Oskar-Morgenstern-Platz 1  1.Stock
    
    Thursday
    14.12.
    15:00 - 16:30
    Hörsaal 6  Oskar-Morgenstern-Platz 1  1.Stock
    
    Thursday
    11.01.
    15:00 - 16:30
    Hörsaal 6  Oskar-Morgenstern-Platz 1  1.Stock
    
    Thursday
    18.01.
    15:00 - 16:30
    Hörsaal 6  Oskar-Morgenstern-Platz 1  1.Stock
    
    Thursday
    25.01.
    15:00 - 16:30
    Hörsaal 14  Oskar-Morgenstern-Platz 1  2.Stock

Information

Aims, contents and method of the course

The lecture gives an introduction to concepts of decision-making in situations involving risks.

Topics:
Introduction (what is decision theory, decisions under risk)
Expected utility theory
Risk aversion
Stochastic Dominance and Risk Comparisions
Some Remarks on the Mean-Variance Approach
Empirical Facts
Prospect Theory
Sequential Decisions and the Role of Information

For more details see
http://homepage.univie.ac.at/andrea.gaunersdorfer/teaching/decisions.html

Materials for home-learning will be provided on Moodle.
These serve as complementary additions to the script, which allow the student to independently study the material.
We will discuss formal concepts and examples during the classroom units.

A Repetition course accompanies this lecture as well as the lecture Basics of Finance.

Assessment and permitted materials

written exam about the topics discussed in the lecture

Permitted materials for the exam:
No documents (neither notes nor formularies) are allowed. A simple, non-programmable calculator, without matrix operations, which does not plot graphs, cannot solve equations, and does not compute derivatives or integrals is allowed.

Please note that mobile phones, smart watches etc. must be out of reach during the exam.

For more information please visit
http://homepage.univie.ac.at/andrea.gaunersdorfer/teaching/decisions.html

Minimum requirements and assessment criteria

For passing the exam you need 50% of possible points.

Please mind knowledge in mathematics and statistics needed:
https://finance.univie.ac.at/en/studies/master-banking-and-finance/admission-requirements/#c896648

Examination topics

Topics discussed in the lecture or for which material is provided in Moodle.

Reading list

A. Gaunersdorfer, Decisions under Uncertainty, Script, 2023

http://homepage.univie.ac.at/andrea.gaunersdorfer/teaching/decisions.html

Association in the course directory

Last modified: We 08.05.2024 00:01